Search Elements:
- Taxonomy
- us-gaap
- Name
- DerivativeAverageFloorInterestRate
- Label
- Derivative, Average Floor Interest Rate
- Period Type
- instant
- Type
- dtr-types:percentItemType
- Definition
- Average floor rate on a group of interest rate derivatives, such as interest rate floor or collars. If market rates fall below the floor rate, a payment or receipt is triggered on the contract.